Tag: Lifetouch

Editor’s note: Post updated to reflect iMemories will not be closed – as previously written – but “exited.” Industry reports is a new buyer will take over the business. A few highlights from the Shutterfly earnings report, reproduced below. Shutterfly closed the Lifetouch acquisition April 2 Shutterfly will exit Lifetouch’s iMemories business in the second quarter, earlier than expected. This...
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Company Issues $825M Term Loan B to Finance Acquisition Updated Credit Ratings Maintain Ba3/BB- Rating REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly (NASDAQ: SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, today announced it has closed its previously announced acquisition of Lifetouch, the national leader in school photography. The company financed the acquisition with the proceeds of an...
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Bloomberg Law reports a March 1 class-action lawsuit alleges Lifetouch Inc. employees suffered “hundreds of millions of dollars” in damages by investing their retirement plans in the company’s employee stock ownership plan (ESOP). The suit alleges the company’s board did not do enough to protect workers’ retirement savings in the ESOP, as the value of the company’s stock declined more...
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The photo industry’s biggest merger in years has brought up rampant speculation among competitors, vendors and gadflies about the Shutterfly acquisition of Lifetouch. Details of the combination are still coming out, but it’s clear there is a short-term positive reception. Shutterfly’s stock rose to more than $70 a share, after being mired in the mid-$50 range for months. From a...
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Shutterfly shares jumped nearly 20% last night on the news the leading photo-personalization company was buying the billion-dollar company in the school photography space, Lifetouch National School Studios for $825 million, as well as the report the company beat its fourth-quarter forecasts. The deal includes Lifetouch’s school business, as well as it’s ancillary businesses of church directories, preschool photography, JC Penney retail...
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Combination significantly expands customer base and product range Lifetouch achieved revenue of $963.9 million and EBITDA of $111.3 million for the period ended June 30, 2017 Acquisition adds significant Revenue, Adjusted EBITDA, and Cash Flow in the next twelve months with attractive future revenue and cost synergies Combined company total Adjusted EBITDA of at least $450 million targeted in 2020...
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REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly, Inc. (NASDAQ:SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, today announced financial results for the fourth quarter and full year ended December 31, 2017. “Q4 was a strong conclusion to a year in which we made significant strides in positioning Shutterfly for long-term, profitable growth,” said Christopher North, President and Chief Executive...
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It’s been a busy year for the Dead Pixels Society, with the launching of the full blog and a weekly newsletter. Here are the top 10 stories from the website, based on hits and shares: 10) Costco gets into business printing Costco has added business printing to its online Photo Center. The company notified customers of the addition of business...
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Action Sports Photography Division of Lifetouch National School Studios is purchased by founder Glossy Finish, formerly the action sports division of Lifetouch National School Studios, was repurchased by an investment group led by founder and CEO Haim Ariav and Matt Winer, senior employee and CTO. Ariav launched the business in 2006, and sold it to Lifetouch in 2013, where it...
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Minneapolis, MN – September 13, 2017 – CaptureLife Inc., provider of the CaptureLife digital delivery, commerce and marketing platform, announced the appointment of Ron Wrenholt, former Lifetouch Corporate VP, as an independent director of the firm effective immediately. Mr. Wrenholt retired as Corporate VP, E-Business & Business Development at Lifetouch in 2015 having served in that role and as a...
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DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Photographic Services Global Market Report 2017” report to their offering.The USA was the largest market for the photographic services industry, accounting for about $10 billion or 30% of the market, in 2015. This was mainly due to increased demand from the advertising and marketing markets for photography. China was the...
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